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SEBI Approves IPOs Of Unicommerce, FirstCry

Inc42 · 1y ago

SEBI Approves IPOs Of Unicommerce, FirstCry

FirstCry, backed by SoftBank, is planning to raise approximately INR 1,816 Cr through an initial public offering (IPO). The IPO will consist of a fresh issue of shares as well as an offer for sale (OFS) of up to 5.4 Cr equity shares. Unicommerce, on the other hand, is also preparing for an IPO with an OFS component of up to 2.98 Cr shares and will not include any fresh issue of shares. The Securities and Exchange Board of India (SEBI) issued observation letters to both companies regarding their IPO plans.

Related News

SEBI approves IPOs of Ather Energy, Leela Hotels owner, 4 others

Inshorts · 7m ago

SEBI approves IPOs of Ather Energy, Leela Hotels owner, 4 others

SEBI has approved the IPOs of EV maker Ather Energy and Leela Hotels' parent firm Schloss Bangalore. Oswal Pumps, Quality Power Electrical Equipments, Ivalue Infosolutions and Fabtech Technologies also received the SEBI nod to launch their IPOs. Schloss' IPO will be worth ₹5,000 crore, while Ather's IPO will have a fresh issue worth ₹3,100 crore and an offer-for-sale component.

Which 3 IPOs will hit the stock market next week?

ETN News

ETN News · 1y ago

Which 3 IPOs will hit the stock market next week?

The upcoming week will see FirstCry-parent BrainBees and SaaS startup Unicommerce launch their IPOs in the mainboard segment on August 6. The sole SME IPO of Aesthetik Engineers will launch on August 8 with a price band of ₹55-58 per share. Apart from this, the stock market is also expected to see 12 listings, including that of Ola Electric.

Investors look happy: Kamath on Ola, Unicommerce, FirstCry IPOs

Inshorts · 12m ago

Investors look happy: Kamath on Ola, Unicommerce, FirstCry IPOs

Entrepreneur Nithin Kamath congratulated Ola Electric, Unicommerce and FirstCry for getting listed and said, "Based on the listing, it looks like investors are happy." "IPOs doing well... incentivize companies to consider an IPO," he said. "If our markets have to grow, we need more homegrown companies to list and also leave something on the table for IPO investors," he added.

Firstcry, Ola Electric IPOs to build a club of super-rich

Livemint

Livemint · 1y ago

Firstcry, Ola Electric IPOs to build a club of super-rich

Top executives of Ola Electric and Firstcry are set to make significant gains from their companies' upcoming IPOs, according to an analysis of their draft red herring prospectus. The top 10 leaders of Ola Electric could collectively make around ₹16,792 crore, with CEO Bhavish Aggarwal's stake alone valued at over ₹16,000 crore. Meanwhile, the top 10 leaders of Firstcry stand to make at least ₹2,467 crore in the IPO. These figures are based on the companies' valuations in their last funding rounds. Both companies are awaiting approval from the Securities and Exchange Board of India (Sebi) for their IPOs.

Startup Street mints new founder millionaires

Livemint

Livemint · 1y ago

Startup Street mints new founder millionaires

Indian startup founders Bhavish Aggarwal, Supam Maheshwari, and Kunal Bahl are set to list their companies on the Indian stock market, joining the ranks of founders who have created substantial wealth through IPOs. Aggarwal's stake in Ola Electric is estimated to be worth at least $1.1 billion, while Maheshwari's stake in FirstCry is valued at $151 million at the lower end of the price band. Bahl will not be selling his stake in Unicommerce but sees the listing as a significant milestone. The IPOs are expected to attract more founders and employees to the startup ecosystem.

SoftBank may get 106% gains from Ola Electric, 2 more IPOs: Report

Inshorts · 1y ago

SoftBank may get 106% gains from Ola Electric, 2 more IPOs: Report

SoftBank may get 106% returns on cumulative investments worth ₹7,085 crore in Ola Electric, FirstCry and Unicommerce, all of which may list in next two weeks, Moneycontrol's analysis of the startups' offer documents showed. SoftBank is selling FirstCry and Unicommerce shares at three times the prices it bought them for. It'll hold ₹11,011-crore shares in the startups post the IPO.

Fair pricing, macros aiding listing pop for new-age tech IPOs: SoftBank’s Sumer Juneja

Economic Times

Economic Times · 12m ago

Fair pricing, macros aiding listing pop for new-age tech IPOs: SoftBank’s Sumer Juneja

SoftBank's portfolio firms in India, including Ola Electric, FirstCry, and Unicommerce, have gained from their recent listings due to sensible initial public offering (IPO) pricing, favorable macroeconomic conditions, and growing acceptance of technology companies by capital markets, according to Sumer Juneja, SoftBank's managing partner for India and EMEA. Juneja added that domestic mutual funds' active participation has boosted demand for these IPOs and that the perception that tech IPOs are benefiting solely from the bullish stock markets is not true. SoftBank has invested $10.5 billion across its Vision Fund and on its balance sheet in India.

Startups seek advice on IPO timing in choppy markets

Economic Times

Economic Times · 1y ago

Startups seek advice on IPO timing in choppy markets

A number of companies in India's new economy sector are seeking advice on their public market debuts following stock market volatility after the general election results. Despite this uncertainty, these companies remain confident in India's strong macroeconomic prospects. Startups in India are also expecting larger deals as the sector continues to grow. Some of the companies preparing for IPOs include FirstCry, Swiggy, Ola Electric, and Unicommerce. The upcoming Union Budget will also provide insight into the new government's economic agenda.

Dalal Street buzzes with IPO frenzy: Major listings and debuts ahead

Money Control

Money Control · 1y ago

Dalal Street buzzes with IPO frenzy: Major listings and debuts ahead

Akums Drugs and Pharmaceuticals will make its debut on the stock market on August 6. In addition, Brainbees Solutions, the operator of Firstcry, is launching a significant IPO worth Rs 4,194 crore and Unicommerce eSolutions is set to launch a Rs 277 crore IPO on the same day. Other IPOs closing next week include Ceigall India and Ola Electric Mobility. The SME segment will also see several listings next week, including Aesthetik Engineers, Kizi Apparels, and Utssav Cz Gold Jewels.

From Visit Health To Country Delight- Indian Startups Raised $112 Mn This Week

Inc42 · 12m ago

From Visit Health To Country Delight- Indian Startups Raised $112 Mn This Week

Indian startups raised a total of $112.9 million through 22 deals in the past week, marking a significant decrease of nearly 50% from the previous week's funding activity. Ola Electric, FirstCry, and Unicommerce made notable headlines, with Ola Electric making its debut in the public market and FirstCry and Unicommerce planning to get listed soon. Omnivore VC and CRED's founder, Kunal Shah, were the most active investors of the week, each investing in two startups.

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